Sector
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MOL to merge marine and engineering units
Japan’s Mitsui OSK Lines (MOL) has announced its plan to merge wholly owned subsidiaries MOL Marine and MOL Engineering. The…
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Oaktree buys into Rand Logistics
Private equity firm American Industrial Partners is selling a significant minority stake in Great Lakes shipping firm Rand Logistics to…
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IMO and WISTA launch Women In Maritime survey
The International Maritime Organization (IMO) and the Women’s International Shipping & Trading Association (WISTA) have launched the first ever survey…
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Shearwater GeoServices awarded Santos Basin surveys by Petrobras
Offshore seismic specialist Shearwater GeoServices has been awarded a contract by Petrobras for deepwater ocean bottom node seismic acquisition for…
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GNMTC bags FSL LR2 resales
Brokers note that Libya-based tanker specialist, General National Maritime Transport Company (GNMTC), is behind the acquisition of First Ship Lease…
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Maersk will operate the world’s first carbon neutral containership by 2023 in big methanol breakthrough
Maersk today officially fast-tracked its decarbonisation plans, with a methanol-fuelled 2,000 teu feeder vessel set to be ordered this year…
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Freezing Baltic sends kamsarmaxes into unexpected $100,000 a day territory
Panamax, kamsarmax and post-panamax rates exploded yesterday with ice-classed ships booked for in excess of $100,000 a day as an…
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Wakashio captain takes aim at his chief officer
There’s a clear spat developing at a court in Mauritius between the captain of the Wakashio bulk carrier and his…
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Seven Islands Shipping files for Mumbai IPO
Indian tanker player Seven Islands Shipping is looking to raise INR6bn ($82.3m) from an initial public offering (IPO) in Mumbai.…
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Seafarer shortage warning post-pandemic
The global crew change crisis could lead to a shortage of seafarers if exhausted crew choose to leave the shipping…
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Elbdeich Reederei snaps up feeder boxship trio
Germany’s Elbdeich Reederei has bought three sister vessels owned by Wessels Reederei according to brokers. Elbdeich has paid €24m ($29m)…
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Seanergy takes cape fleet to 12 with secondhand buy
Nasdaq-listed Greek capesize bulker owner Seanergy Maritime Holdings has entered into an agreement to acquire a secondhand capesize vessel. Seanergy…
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Adani plans $1.4bn alternate gateway to Mumbai
Adani Ports and Special Economic Zone is trumpeting an alternative gateway to congested Mumbai. The Gautam Adani-led company has just…
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Giant Spanish floating offshore wind farm project pushes ahead
Spanish utility Iberdrola is planning what will be the first industrial scale floating offshore wind farm in Spain, to which…
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Aker Solutions chosen by Equinor to deliver electrification of Troll B & C platforms
Aker Solutions has received a letter of intent from Equinor for topside work on the Troll B and C platforms…
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BW Offshore seals deal to take 50% stake in floating offshore wind firm Ideol
BW Offshore has sealed a share purchase agreement to become a strategic owner of floating offshore wind solutions firm Ideol.…
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TechnipFMC and Technip Energies complete separation
TechnipFMC has completed a spin-off transaction to create two publicly traded companies, TechnipFMC and Technip Energies. The company had announced…
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Eneti offloads two more ultramaxes
Monaco’s Eneti, formerly known as Scorpio Bulkers, has sold two more ultramaxes as it moves close to completing its fleet…
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Charterers and owners come under renewed pressure to resolve China coal carrier crewing crisis
Charterers and shipowners are coming under renewed pressure to stump up cash to alleviate the anguish and monotony of the…
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Congestion on both coasts of North America
Congestion at ports on both sides of North America remains a severe issue, though the ship queues do look to…
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